Watch List 01/26/2015
Small pullback in the market. As i posted in last blog, after the big run we had , some pull back and digestion is expected. SPY now above 20/50 MA and trend line support. Some digestion here will setup some …
szaman
Watch List 01/23/2015
SPY finally breaks out of the flag and over both 20 and 50 MA. Given the move we had in last four days , i wouldn’t be surprised to see a choppy, range bound Friday. Due to current volatility in …
Trading Intraday Momentum:Parabolic shorts.
ADXS one of the biotech stock had a great run as you can see on the daily chart. The stock came all the way from 7.70 to a high of 13,53 in short time, making it a candidate for parabolic short setup. …
Watch List 01/20/2014
Bounce day in the market as SPY managed to hold 198.50 low area. Bulls needs to hold that 198.50 area. A break below now could quickly see 200 MA 195 area. We also have overhead resistance at 204 /204.50 area. …
Watch List 01/14/2015
Volatile roller coaster day in the market. SPY was up and then down and then bounced to almost Mondays close. Clearly SPY has resistance at 20 and 50 MA. 100 MA acted as support so far but another tap might …
Trading Intraday Momentum: Long and Short
This is follow a up post from last education post,“Trading Intraday Momentum”. If you missed reading that post, I suggest you reading it before proceeding to this post. Biotech stokcs has been flying all over ,so on January 7th , we traded this ARNA long all day. Reason being ARNA managed to hold the up …